HMT Announces Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023
Cryptoasset firms that market to UK consumers, including those based overseas, will need to comply with the new UK financial promotions regime once it is implemented.
Read our Client Alert here:
Read the FCA’s Letter on Crypto Promotions here:
It is important for UK and overseas crypto firms to understand the impact of the new crypto financial promotions regime. Breach of the new regime will be a criminal offence punishable by up to 2 years imprisonment and/or a fine.
We encourage all firms to view the FCA letter, Consultation Response, and Policy Statement, and seek legal advice as necessary.
If you have any questions or require any further information, please do not hesitate to contact us.